t2K - as a curiosity, from a purely TA point of view, the fact that MSFT kept above 80, and the way it traded in the last 2 minutes today (there was a big attempt to drive it below 80, and the attempt failed on large volume) - is all pretty bullish.
Obviously, it's very volatile, but the price target depends on your time horizon. There are macro trends, subtrends, and micro-trends, which don't move in unison. Even if the macro trend is flat, there may be a micro-trend that goes up, and gives you a short spike etc.
Bottom line, I am holding my MSFT, and NOT selling. The long term is very bullish IMO, intermediate, unfortunately not, but I can always surf some microtrends for a quick trading gain. Today's late action was pretty bullish. All depends on how far down the road you are looking.
Good luck!
Morgan |
